A consolidation loan
Over the last few years, the consolidation of loans has become very popular in Poland. And this is due to the advantages of combining several financial obligations into one loan and an attractive offer of consolidation. Many banks offer this solution, thus relieving borrowers from paying many installments resulting from their debt. There are plenty of similar intentions, which offers consolidation loans to potential clients.
Consolidation loan – basic information
- the loan amount is from PLN 10,000 to PLN 200,000
- repayment period is 12 to 120 months (1-10 years)
- APRC = 22.52%
- the loan decision can be taken even within 15 minutes
- simple application method
- the opportunity to receive additional cash for any purpose
Thanks to the consolidation loan, we can pay only one installment instead of several resulting from the financial liabilities held. This is a great solution for people who want to get out of debt. The amount of the consolidation loan installment will be lower than the sum of payments paid so far. In addition, they have a longer time to settle their financial obligations.
In addition, members of the Union of Lublin’s Credit Unions gain the opportunity to lower the interest rate on the consolidation loan.